Is Tencent really worth pennies now ?
It’s seen the dominance as a payment gateway with a monopolistic role in China, global leader in video games and many other businesses.
$TENCENT(00700)$ It has fallen more than 60% from its peak 4 years ago at 700 and thereafter it has been on a downhill ever since. Business wise, it is fundamentally strong and economic moat and is constantly innovating itself in the AI space, cloud computing and strategic alliances.
I shall await patiently at 200 - 246 price level to see if there is a reversal pattern for a rebound. No hurry, cheap can get cheaper now......so be cool and be patient.......if you are in for a long haul else go find other markets.
700: Is Tencent really worth pennies now ?
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- quiettt·01-25Absolutely! Tencent is a steal! 💰LikeReport